Multiple Choice
If the marginal cost of production is $10,the elasticity of demand for group 1 is -1.5,the elasticity of demand for group 2 is -2.5,and the price paid by group 1 is $15,the price for group 2 is
A) $8.33.
B) $27.
C) $15.
D) Impossible to tell.
Correct Answer:
Verified
Correct Answer:
Verified
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